The Bank in Your Hometown Has Decided to Double the Number

question 98

Multiple Choice

The bank in your hometown has decided to double the number of its local branch offices.How will this affect the bank's balance sheet?

• A) Assets and liabilities will increase.
• B) Assets will increase and liabilities will decrease.
• C) Assets and liabilities will decrease.
• D) Assets will decrease and liabilities will increase.
• E) Doubling the number of offices would not appear on the balance sheet.

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Definitions:

Formal Operational

The final stage in Piaget's cognitive development theory, characterized by the ability to think abstractly, reason logically, and manage problems systematically.

Egocentrism

A cognitive characteristic where an individual is unable to distinguish between their own perspective and that of others, often seen in early childhood development.

Pretend Play

A form of play among children where they imitate roles and activities of people around them or characters from stories, as a way to make sense of the world.

Conservation

In psychology, the ability to understand that certain properties of objects, like volume or mass, remain unchanged even when their forms or appearances change, typically associated with Piaget's stages of cognitive development.